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This form is used by employers to request a change or correction to a member’s personal information record.
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How to fill out kpers-12 - kpers
How to fill out KPERS-12
01
Obtain a blank KPERS-12 form from the appropriate website or office.
02
Fill in your personal information such as name, address, and contact details in the designated fields.
03
Provide your social security number (SSN) or other identification numbers as required.
04
Indicate your employment details, including the name of your employer and position.
05
Specify the type of benefits you are applying for or updating.
06
Review all the information you have entered to ensure accuracy.
07
Sign and date the form at the bottom.
08
Submit the completed KPERS-12 form to the appropriate agency or department as instructed.
Who needs KPERS-12?
01
Any employee or member of the Kansas Public Employees Retirement System (KPERS) who needs to apply for benefits or update their personal information.
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People Also Ask about
What is the funded ratio for the Kansas public employees retirement system?
Overall, the funded ratio (assets to liabilities) improved to 74.0% (from 73.4% on 12/31/2022). KPERS has about 154,000 active members. Active members range in age from 16 to 91. The average KPERS members has 10.4 years of service and a salary of about $51,000.
How does Kansas KPERS work?
Newly hired employees contribute 6.0% of salary out of each paycheck to the pension fund. The average retirement benefit is $13,737 per year, or $1,145 per month. KPERS covers 84,183 active school employees and 42,590 retired school employees and beneficiaries.
Are Kpers benefits taxable in Kansas?
In general, a KPERS benefit is taxable for federal income tax and not for Kansas state tax. Your KPERS contributions come out of your pay pretax.
How good is KPERS?
KPERS' CY 2023 investment return is 11.1%, and our 25-year investment return is 6.9%*, just under our 7% target. Investment returns each year are important. But healthy returns over time are essential for proper funding.
How does KPERS work in Kansas?
The KPERS Trust Fund is made up of contributions and investment income. You put 6% of every paycheck into the Retirement System. And your employer contributes, too. Then we invest the money to pay you a lifetime monthly benefit in retirement.
What type of investment is KPERS?
KPERS invests the fixed income portfolio in core U.S. strategies through three active investment managers. The portfolio's objective is to provide diversification to other assets in the System's portfolio and to preserve capital while providing current income.
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What is KPERS-12?
KPERS-12 is a form used by employers in Kansas to report contributions to the Kansas Public Employees Retirement System (KPERS).
Who is required to file KPERS-12?
Employers who have employees covered by KPERS are required to file the KPERS-12 form.
How to fill out KPERS-12?
To fill out KPERS-12, employers need to enter details about employee contributions, report pay periods, and ensure all required data is accurately provided according to instructions.
What is the purpose of KPERS-12?
The purpose of KPERS-12 is to report the employee contributions to KPERS, which are necessary for maintaining the retirement benefits for public employees in Kansas.
What information must be reported on KPERS-12?
KPERS-12 must report information such as total contributions, employee names, social security numbers, and the pay periods that correspond to the contributions.
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